Swarojgar Laghubitta profit rises by 58.63% in Q3; earns Rs 4.23 crore with EPS of Rs 20.94

Mon, Apr 29, 2019 7:06 AM on Financial Analysis, Latest, Stock Market,

Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL), a microfinance company has published an unaudited financial report of the third quarter for the FY 2075/76. It has stated that net profit has increased by 58.63% to Rs 4.23 crore from Rs 2.66 crore reported in the corresponding quarter of the previous fiscal year 2074/75.

The microfinance borrowings increased from Rs 1.11 arba of Rs 1.40 arba. Likewise, it extended loans of Rs 2.77 arba from Rs 1.97 arba in the Q3 of FY 2074/75. It has paid up capital of Rs 26.95 crore with reserve of Rs 8.68 crore till this quarter.

SLBBL’s net interest income has increased from Rs 9.02 crore in the corresponding quarter of last year to Rs 13.54 crore in the third quarter of fiscal year 2075/76. Its operating profit has increased to Rs 6.08 crore till Q3, from Rs 4.19 crore in the corresponding quarter.

Currently, annualized EPS and Net worth per share stood at Rs 20.94 and Rs 132.21 respectively with P/E ratio at 23.92 times.

Major Highlights:

Particulars (In Rs '000)

Swarojgar Laghubitta

Q3 2075/76

Q3 2074/75

Difference

Paid Up Capital

269,512.21

122,497.76

120.01%

Reserve & Surplus

86,814.12

56,569.17

53.47%

Deposits

1,113,565.93

686,463.56

62.22%

Borrowings

1,402,595.41

1,116,210.73

25.66%

Loans & Advances

2,777,516.84

1,977,225.42

40.48%

Net Interest Income

135,452.46

90,232.22

50.12%

Provision for possible losses

19,238.84

7,556.01

-

Operating Profit

60,812.18

41,939.01

45.00%

Net Profit

42,336.77

26,688.46

58.63%

Capital Adequacy (%)

13.36

9.86

35.50%

NPL (%)

0.88

0.27

225.93%

Annualized EPS (In Rs.)

20.94

29.05

-27.90%

Net Worth per Share (In Rs.)

132.21

146.18

-9.56%

PE Ratio (times)

23.92

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